Federal Reserve

Fed Chair Jerome Powell said Tuesday in testimony before Capitol Hill testimony, that the economic outlook remains strong despite weaker than expected inflation and moderate wage growth.

WASHINGTON — When Jerome Powell testifies to Congress on Tuesday in his first public appearance as chairman of the Federal Reserve, investors will be paying close attention to his every word.

Stocks climbed again on Monday as markets around the world continue to claw back from their sharp tumble last month.

Investors are pricing in only two rate hikes this year, putting 50% odds on a third increase.

If the Fed continues to hike short-term rates, he said, the result could be policy that is too tight for the current economy.

Asian stocks rose Monday after Wall Street rallied as investors looked ahead to the U.S. Federal Reserve chairman's congressional testimony this week for insights into its economic outlook.

Most Wall Street strategists believe that fears about inflation may be overblown and it will be a while before the 10-year Treasury yield hits 3%

Most Asian stock indexes fell Thursday, tracking Wall Street's decline after the latest Fed report rekindled fears about inflation and rising bond yields.

One of the Federal Reserve's newest policymakers is calling for interest rate hikes amid rising business optimism and faster growth in the world's biggest economy.

U.S. stocks moved higher in early trading Wednesday, recouping some of the market's losses from a day earlier.

Federal Reserve officials at their January meeting believed that improving global economic prospects and the effects of recently passed tax cuts had raised the prospect for solid economic growth and for continued interest rate increases in 2018.

Federal Reserve officials raised their economic outlook in January but remained skeptical that wage growth will rise faster than expected.

Investors have become concerned that inflation may soon accelerate to a level faster than the 2% target.

Tighter-than-expected monetary policy could offset benefits of President Trump’s tax cuts, according to the National Association of Homebuilders.

The Treasury Department began ramping up its debt issuance earlier this month to fund the expected growth in borrowing tied to the biggest tax overhaul in 30 years and a two-year federal spending package.

The latest on developments in financial markets (all times local): ___ 8:40 a.m.

Inflation pressures appear to be building in the U.S. economy, a prospect that is heightening anxiety about potentially higher borrowing rates that could slow economic growth.

U.S. stocks moved sharply higher in early trading Friday, recouping some of the ground lost a day earlier when indexes plummeted, deepening a weeklong sell-off that knocked the market into a "correction" for the first time in two years.

The stock market may just have fired off a warning shot to the Trump administration and Congress about their plans to blow up the size of the federal deficit.